Judge Dismisses Second Conviction of Ex-Goldman Sachs Coder

itwbennett writes: Back in May, former Goldman Sachs programmer Sergey Aleynikov was convicted by a jury for stealing 32MB of code for Goldman's high-frequency trading system, code that Aleynikov maintained he copied for intellectual pursuits and was, in fact, open-source. On Monday, Judge Daniel P. Conviser of New York's State Supreme Court dismissed the conviction, saying that Aleynikov acted wrongfully by taking the code, but his actions did not meet the standard under the law in which he was charged. "The evidence did not prove he intended to appropriate all or a major portion of the code's economic value," Conviser wrote.

Comments

Everybody got off scott free then

[jandrese]

Prior to this Sergey Aleynikov was the only person connected with the global financial meltdown to receive any prison time at all in the US. Now that it has been dismissed we can say that nobody involved in destroying the savings and retirements of billions of people around the world was significantly punished. At least they gave their word that they wouldn't engage in the sort of risky behavior that collapsed the global economy again I guess, and we know that investment bankers are as good as their word.